Economist Quotes - Page 19

• One independent expert - actually, the economist who advised John McCain in 2008, so, you know, not somebody that has any predisposition toward our side - but this economist did a study. He said under [Donald] Trump's economic plans, we would lose in America 3 and a half million jobs.

  Hillary Clinton

  Jobs, Independent, America

  Source: www.npr.org

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• Gambling interests hire lots of economists to do impact studies, but what you need is cost-benefit analysis, and you'll never see the industry finance those

  John Warren Kindt

  Cost Benefit Analysis, Impact, Gambling

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• You can make even a parrot into a learned political economist - all he must learn are the two words "supply" and "demand."

  Thomas Carlyle

  Education, Two, Political

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• We chose to do this work mathematically, which has the advantage of precision but is not always appreciated by readers. It is perhaps for this reason that anthropologists have not shown much interest in these models, unlike economists, for example, for whom the use of mathematics poses no problem. However, one could reach the same conclusions by using just a bit of common sense.

  Luigi Luca Cavalli-Sforza

  Common Sense, Example, Use

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• Along with others, I have tried to pry economists away from narrow assumptions about self interest. Behavior is driven by a much richer set of values and preferences.

  Gary Becker

  Self, Assumption, Behavior

  Gary Stanley Becker, Hoover Institution on War, Revolution, and Peace (1996). “The Economic Way of Looking at Behavior: The Nobel Lecture”, p.5, Hoover Press

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• Leading economists have shown that by shrinking Texas, we can actually create more income for Texas in the long run.

  Ian Frazier

  Running, Texas, Long

  "On Texas" by Ian Frazier, www.newyorker.com. March 24, 2014.

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• Whether the flavour of economic advice you like is conservative or liberal, you will find that flavour available from some 'reputable' economist, since there is no single standard to which all 'reputable' economists must repair.

  Barbara Bergmann

  Advice, Conservative, Economic

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• When I meet people on airplanes and they find out I'm an economist, they usually ask about stock tips.

  Emily Oster

  Airplane, People, Asks

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• Economists actually disagree about whether there are significant economic returns from attending an elite college versus a less-selective one.

  Emily Oster

  College, Return, Economic

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• My mother died of lung cancer last year. I felt helpless. As an economist, I thought, What can I do?

  Andrew Lo

  Mother, Cancer, Years

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• Economists have put themselves in a position where what they are doing is supposed to be impossible to understand for outsiders, so they dont even talk - sometimes not even with their girlfriend or boyfriend or friends - about what they are doing.

  Thomas Piketty

  Girlfriend, Outsiders, Impossible

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• You cannot prove this in real time, but when economists 20 years from now write a book on the recovery, it may well be entitled, It could have been much better.

  Jamie Dimon

  Real, Book, Recovery

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• As an economist, I'm aware that life is full of trade offs.

  Peter Blair Henry

  Life Is, Trade, Trade Offs

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• Can a controlled experiment explain why people like Kewpie dolls in one year, Beanie Babies in another, and American Girl dolls this year? Yet social scientists are asked to answer analogous questions. We economists and perhaps psychologists shouldn't overreact to the derision. That is, we shouldn't try to overlay a false sense of precision on our admittedly squooshy work.

  Robert J. Shiller

  Girl, Baby, Years

  Source: www.psychologytoday.com

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• For a country, everything will be lost when the jobs of an economist and a banker become highly respected professions.

  Baron de Montesquieu

  Country, Jobs, Bankers

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• Stewart Davenport conscientiously and insightfully re-creates the world of the nineteenth-century political economists, who taught that the principles of international trade manifested, like the laws of biology and physics, the intelligent design of a Divine Creator.

  Daniel Walker Howe

  Intelligent, Law, Design

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• The point of studying economics is so as not to be fooled by economists.

  Joan Robinson

  Study, Economics, Fooled

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• How do you measure whether or not a strategy of economic growth that is articulated by a very smart, capable economist actually yields growth? You can't. But you can influence.

  George W. Bush

  Smart, Yield, Growth

  Source: www.texasmonthly.com

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• If the economists are arguing as to whether we need to cut or stimulate, because they're completely opposite policies, and they can't work it out then I would say let us work it out for you. Let's look at the lives people are able to lead, the effect of policies on the lives people are able to lead, and hence the likely effect on health and health inequalities.

  Michael Marmot

  Cutting, Opposites, People

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• I'm an economist, I do a lot of forecasting, and I'm probably one of the most successful forecasters in terms of very specific kinds of forecasts.

  Lyndon LaRouche

  Successful, Kind, Term

  Source: larouchepac.com

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• Rent control is one policy that economists universally would oppose. It is a grossly inefficient way of allocating housing space and, of course, it inhibits construction and creates the very thing it is supposed to alleviate. It is one of those things where people simply don't understand simple economics and, therefore, put in for political reasons what will damage the very people that it is designed to help. Minimum wage levels are another classic example.

  James M. Buchanan

  Simple, Space, People

  Source: www.aims.ca

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• As economists have long noted, the puzzle is not that so few people vote, it's that so many do. After all, no individual's vote has ever tipped the balance in a presidential election.

  Robert H. Frank

  Long, People, Presidential

  Source: bobmorris.biz

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• Anything can happen anytime in markets. And no advisor, economist, or TV commentator-and definitely not Charlie nor I-can tell you when chaos will occur. Market forecasters will fill your ear but will never fill your wallet.

  Warren Buffett

  Investing, Ears, Tvs

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• I started by saying that one of the most fateful errors of our age is the belief that the problem of production has been solved. This illusion, I suggested, is mainly due to our inability to recognize that the modern industrial system, with all its intellectual sophistication, consumes the very basis on which is has been erected. To use the language of the economist, it lives on irreplaceable capital which it cheerfully treats as income.

  E. F. Schumacher

  Errors, Intellectual, Environmental

  E.F. Schumacher (1975). “Small is Beautiful”

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• I was trained to become an economist and I finished my work and I was teaching and did my PhD so I thought I did that. I prepared myself for that kind of road. But then I realized that I had not learned enough to solve the problem of poverty. So I distanced myself from the things that I learned and tried to learn anew about people.

  Muhammad Yunus

  Teaching, People, Poverty

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